Tag Archives: Russia039s

Russia's tycoons fear tightening Kremlin squeeze as Putin's war … – Leader-Telegram

Russia's tycoons fear tightening Kremlin squeeze as Putin's war … – Leader-Telegram

As Vladimir Putin pushes his war in Ukraine into its second year, the deepening militarization of Russia’s economy is fueling fears among the country’s business elite that the squeeze on their companies is only just beginning. The government is already considering “one-time” taxes on some big firms to help boost revenues reduced by the tightening grip of sanctions and other restrictions… Source link

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Russia's ongoing invasion of Ukraine is pushing out one of Russia's biggest tech giants – msnNOW

Russia's ongoing invasion of Ukraine is pushing out one of Russia's biggest tech giants – msnNOW

© Provided by Business Insider Russian President Vladimir Putin arrives to the welcoming ceremony in Yerevan, Armenia, on November 23, 2022. Contributor/Getty Images Yandex, Russia’s biggest tech giant, wants to cut ties with the country, according to the NYT. Yandex’s parent company has concerns about the impact of the Ukrainian war on its businesses. The exit could deliver a blow to President Putin as he focuses efforts on homegrown tech and goods. Russia stands to lose its… Source link

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Yandex shares are down 71 percent following Russia's invasion of Ukraine – DatacenterDynamics

Shares in Russia’s largest tech company Yandex are down 71 percent compared to February 16. They dropped 54.4 percent directly after the invasion of Ukraine on February 23. The dramatic fall comes as part of a wider collapse of Russian stocks as investors fear growing turmoil and state sanctions. Yandex launched a public cloud service in 2018, initially for its home… Source link

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